Exclusive Virtual Press Conference Today at 4:05 PM ET (Watch here: This page will update when conference goes live)
DENVER, Colo., Feb 26, 2025 (247marketnews.com) – The wait is over. Siyata Mobile Inc. (NASDAQ:SYTA) has officially signed a $160 million definitive merger agreement with AI-powered gaming leader Core Gaming, Inc., marking a game-changing moment in both the AI and mobile gaming industries.
This is the value creation event 247 Market News has been writing about, and ushers in a new era for Siyata shareholders, who are now set to benefit from Core Gaming’s AI-driven technology, 40 million active users, and presence in the $126 billion mobile gaming market.
Key Highlights of the AI-Powered Merger:
- Core Gaming generated more than $80 million in unaudited revenue for fiscal year 2024
- Core Gaming, a Delaware-based AI-driven gaming company, will become a wholly owned subsidiary of Siyata.
- Aitan Zacharin, Core Gaming’s CEO, will lead the combined public company.
- Marc Seelenfreund, Siyata’s CEO, will transition to President, leading a newly formed Push-to-Talk subsidiary.
- Core Gaming has been independently valued at $160 million, delivering a major premium to Siyata’s current valuation.
- Siyata shareholders are guaranteed a 10% stake in the new entity, with the opportunity for significant upside.
Why This AI Merger Matters:
Core Gaming isn’t just another gaming company, it’s an AI-driven powerhouse that has already developed and published over 2,000 games, leveraging advanced AI tools for content production, player engagement, and rapid game development.
With a 600-million-download track record and a global reach spanning 140 countries, Core Gaming is at the forefront of AI-led innovation in gaming—and now, it’s bringing that growth potential to the public markets.
For months, we at 247 Market News have hinted at a major press event, and today, that event exceeds all expectations.
Join the Virtual Press Conference – Today at 4:05 PM ET
Investors, analysts, and media are invited to join a live virtual press conference today, where Siyata and Core Gaming executives will discuss the strategic vision, AI-powered synergies, and long-term growth potential of this landmark deal.
For further details, visit www.siyata.net and www.coregaming.co.
About Siyata Mobile
Siyata Mobile Inc. is a B2B global developer and vendor of next-generation Push-To-Talk over Cellular handsets and accessories. Its portfolio of rugged PTT handsets and accessories enables first responders and enterprise workers to instantly communicate over a nationwide cellular network of choice, to increase situational awareness and save lives. Police, fire, and ambulance organizations as well as schools, utilities, security companies, hospitals, waste management companies, resorts and many other organizations use Siyata PTT handsets and accessories today.
In support of our Push-to-Talk handsets and accessories, Siyata also offers enterprise-grade In-Vehicle solutions and Cellular Booster systems enabling our customers to communicate effectively when they are in their vehicles, and even in areas where the cellular signal is weak.
Siyata sells its portfolio through leading North American cellular carriers, and through international cellular carriers and distributors.
Siyata’s common shares trade on the Nasdaq under the symbol “SYTA”, and its warrants under the symbol “SYTAW”.
Visit www.siyata.net to learn more.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Siyata’s current expectations, they are subject to various risks and uncertainties and actual results, performance, or achievements of Siyata could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Siyata’s filings with the Securities and Exchange Commission (“SEC”), and in any subsequent filings with the SEC. Except as otherwise required by law, Siyata undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites and social media have been provided as a convenience, and the information contained on such websites or social media is not incorporated by reference into this press release.
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